China: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in China

In 2021, the Chinese metal filing cabinet market decreased by -4.4% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Metal Filing Cabinet Production in China

In value terms, metal filing cabinet production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 19%. Metal filing cabinet production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Filing Cabinet Exports

Exports from China

Metal filing cabinet exports from China stood at X tons in 2021, growing by 12% on 2020 figures. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 61%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal filing cabinet exports soared to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.9% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 33%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for metal filing cabinet exports from China, accounting for a 34% share of total exports. Moreover, metal filing cabinet exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+6.6% per year) and Germany (+0.8% per year).

In value terms, the United States ($X) remains the key foreign market for filing cabinets, card-index cabinets or desk equipment of base metal exports from China, comprising 40% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.1% share of total exports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+10.4% per year) and Germany (+4.8% per year).

Export Prices by Country

In 2021, the average metal filing cabinet export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal filing cabinet export price increased by +39.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Filing Cabinet Imports

Imports into China

In 2021, overseas purchases of filing cabinets, card-index cabinets or desk equipment of base metal increased by 70% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a abrupt setback. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, metal filing cabinet imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest metal filing cabinet supplier to China, accounting for a 73% share of total imports. Moreover, metal filing cabinet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. South Korea (X kg) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.6% per year) and South Korea (-38.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of filing cabinets, card-index cabinets or desk equipment of base metal to China, comprising 61% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.0% per year) and the United States (-0.6% per year).

Import Prices by Country

The average metal filing cabinet import price stood at $X per ton in 2021, waning by -29.1% against the previous year. In general, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50%. The import price peaked at $X per ton in 2020, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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